By BUUMBA CHIMBULUPRICES of cooking oil have gone up due to the weakening of the exchange rate over time which has affected local manufactures, says Crushers and Edible Oils Refiners Association (CEDORA) Director, Aubrey Chibumba.Currently, a 2.5 litres of cooking oil is selling at over K100 while five litres is selling at over K200. Dr Chibumba explained that CEDORA members who were manufactures of cooking oil had no control over the increased prices as they were driven by the exchange rate which had weakened over time.“Of late, there had been a lot of interest in the debate about the high prices of cooking oil. Since cooking oil in Zambia is mainly produced by CEDORA members, we have tried to explain why the prices have increased.“However, despite the association proving that cooking oil is more expensive in countries like South Africa when compared to Zambia, some individuals have refused to accept this fact but instead want […]
COOKING OIL PRICES GO UP
